Reporting Stockholders' Equity Items on Statement of Cash Flows On the basis of the following stockholders' equity accounts, indicate the items, exclusive of net income, to be reported on the statement of cash flows. There were no unpaid dividends at either the beginning or the end of the year. ACCOUNT Common Stock, $40 par ACCOUNT NO.
Balance
Date Item Debit Credit Debit Credit
Jan.1 Balance, 120,000 shares 4,800,000
Apr.2 30,000 shares issued for cash 1,200,000 6,000,000
June30 4,400-share stock dividend 176,000 6,176,000
ACCOUNT Paid-In Capital in Excess of Par-Common Stock ACCOUNT NO.
Balance
Date Item Debit Credit Debit Credit
Jan.1 Balance 360,000
Apr.2 30,000 shares issued for cash 720,000 1,080,000
June30 Stock dividend 114,400 1,194,400
ACCOUNT Retained Earnings ACCOUNT NO.
Balance
Date Item Debit Credit Debit Credit
Jan.1 Balance 2,000,000
June 30 Stock dividend 450,000 1,550,000
Dec. 30 Cash dividend 315,000 1,235,000
31 Net income 1,000,000 2,235,000
If an amount is not reported on the statement of cash flows, enter in "0" in the Amount column.
Item Section of Statement of Cash Flows Added or Deducted Amount
Sale of common stock $
Cash dividend $
Stock dividend $